Notes to Accounts of CAT Technologies Ltd.

CAT Technologies Limited (the "Company" or "CAT") is engaged in the
business of Medical Transcription, Training, Software Development and
Consulting Services.

2. Consolidated Contingent Liabilities

There are no contingent liabilities.

3. Capital and other commitments

There are no capital and other commitments as on the date of Balance
Sheet.

4. Taxation

Current tax is reckoned based on the current year''s income and tax
payable in accordance with the prevailing tax laws.

In accordance with Accounting Standard 22 on Accounting for Taxes on
Income, the Company has computed Deferred Tax Asset amounting to
Rs.6,86,917/- on account of timing difference in relation to
depreciation as per books vis-a-vis Tax Laws.

5. Leases

Operating Lease: The Company has no Operating leases.

Finance Lease: The Company has no finance leases.

6. Dues to Micro and Small Enterprises

The information required to be disclosed under the Micro, Small and
Medium Enterprises Development Act, 2006 has been determined to the
extent such parties have been identified on the basis of information
available with the company. There are no over dues to parties on
account of principal amount and / or interest and accordingly no
additional disclosures have been made.

7. Previous Year Figures

The financial statements for the year ended March 31, 2014 have been
prepared as per the applicable Schedule VI to the Companies Act, 1956.

Mar 31, 2013

1. General Information

CAT Technologies Limited (the "Company" or "CAT") is engaged in
the business of Medical Transcription, Training, Software Development
and Consulting Services.

2. Consolidated Contingent Liabilities

There are no contingent liabilities.

3. Capital and other commitments

There are no capital and other commitments as on the date of Balance
Sheet.

a. Goodwill

During the previous yearÂs goodwill was considered under
Miscellaneous expenditure not written off, where as in the current year
as per the revised schedule VI goodwill is grouped under intangible
assets. As per the decision of the Management, Goodwill is not being
written off.

b. Segment Reporting

The CompanyÂs exclusive business is Medical Transcription, Training
Software Development and Consulting Services as such this is the only
reportable segment as per Accounting Standard - 17 on Segment Reporting
issued by the Institute of Chartered Accountants of India. As the
Company consider whole of India as a-single geographical segment, the
disclosures related to secondary segments are not relevant for the
Company.

c. Related Party Disclosures

Related Party Relationships have been identified by the Management and
relied upon by the Auditors

c) List of related parties with whom transactions have taken place
during the year:

d. Taxation

Current tax is reckoned based on the current yearÂs income and tax
payable in accordance with the prevailing tax laws.

In accordance with Accounting Standard 22 on Accounting for Taxes on
Income, the Company has computed Deferred Tax Asset amounting to
Rs.98,588/- on account of timing difference in relation to depreciation
as per books vis-a-vis Tax Laws.

e. Leases

Operating Lease: The Company has no Operating leases.

Finance Lease: The Company has no finance leases.

f. Dues to Micro and Small Enterprises

The information required to be disclosed under the Micro, Small and
Medium Enterprises Development Act, 2006 has been determined to the
extent such parties have been identified on the basis of information
available with the company. There are no over dues to parties on
account of principal amount and / or interest and accordingly no
additional disclosures have been made.

g. Previous Year Figures

The financial statements for the year ended March 31, 2013 have been
prepared as per the then applicable, Schedule VI to the Companies Act,
1956. Consequent to the notification for Revised Schedule VI under the
Companies Act, 1956, the financial statements for the year ended on
March 31, 2013 are prepared as per Revised Schedule VI. Accordingly,
the previous year figures have also been reclassified/re- grouped to
confirm the current yearÂs classification. The adoption of Revised
Schedule VI for previous year figures does not impact recognition and
measurement principles followed for preparation of financial statements
except for accounting disclosure.

Mar 31, 2012

1. General Information

CAT Technologies Limited (the "Company" or "CAT") is engaged in
the business of Medical Transcription, Training, Software Development
and consulting services.

(a) Rights attached to Shares

Equity Shares: The Company has one class of equity shares having a par
value of Rs. 10/- per share. Each Shareholder is eligible for one vote
per share held.

(b) GDR issue details

(i) In the Financial Year 2007-08 43,04,348 No''s GDR equivalent to
2,58,26,088 Equity Shares of Rs. 10/- each have been issued as 1 GDR is
equivalent to 6 Equity Shares

(ii) In the Financial Year 2009-10 15,95,333 No''s GDR equivalent to
4,78,59,990 Equity Shares of Rs. 10/- each have been issued as 1 GDR is
equivalent to 30 Equity Shares

Note:

(a) Nature of Security and terms of repayment for Secured Borrowings
Nature of Security

Vehicle loan from HDFC amounting to Rs. NIL /- (March 31,2011: Rs 1.67
Lakhs) is secured by way of Hypothecation of Vehicle.

Terms of Repayment

Repayable in 11 equal monthly instalments of Rs. 15,850/- each

(b) Unsecured Loans are repayable as and when the Lender serves the
intimation to the Company. As such there are no Terms for repayment of
these unsecured loans.

(c) The above loan from Mr.Dinesh Kumar Jaiswal (Director) is repayable
on demand.

Note: In accordance with Accounting Standard 22 on Accounting for Taxes
on Income, the Company has computed Deferred Tax Asset amounting to
Rs.8.75 Lacs on account of timing difference in relation to
depreciation as per books vis.a.vis Tax Laws.

Note:

(a) Overdraft Loans from banks are secured by first charge on Land &
Building at 404, 4th floor, Chandralok Complex, Paradise, Secunderabad
belonging to the director of the company.

(b) Vehicle loan from HDFC amounting to Rs. 166,497/- (March 31,2011:
Rs 2.90 Lakhs) is secured by way of Hypothecation of vehcile.

2. Contingent Liabilities

There are no contingent liabilities.

3. Capital and other commitments

There are no capital and other commitments as on the date of Balance
Sheet.

a. Goodwill

During the previous year''s goodwill was considered under
Miscellaneous expenditure not written off, where as in the current year
as per the revised schedule VI goodwill is grouped under intangible
assets. As per the decision of the Management, Goodwill is not being
written off.

b. Segment Reporting

The Company''s exclusive business is Medical Transcription, Training
Software Development and Consulting Services as such this is the only
reportable segment as per Accounting Standard - 17 on Segment Reporting
issued by the Institute of Chartered Accountants of India. As the
Company consider whole of India as a-single geographical segment, the
disclosures related to secondary segments are not relevant for the
Company.

c. Related Party Disclosures

List of related parties with whom transactions have taken place during
the year:

a) Associates: CAT Degree College

CAT Technology Inc

CAT Technology FZE

Espirit Technologies Pvt Ltd

Veteran Typewriting Institute & Xerox Centre

b) Relatives of Directors Mrs.Nisha Jaiswal

Mrs.Namrita Jaiswal Mrs.Muneerosmani

c) Key Managerial Personnel Mr.Dhiraj Kumar Jaiswal-Managing Director

Mr. C.K.M. Prasad - Wholetime Director

d. Taxation

Current tax is reckoned based on the current year''s income and tax
payable in accordance with the prevailing tax laws. Further income tax
paid for the Asst Year 2009-2010 amounting to Rs. 4.55 lakhs is
included in the current years tax.

In accordance with Accounting Standard 22 on Accounting for Taxes on
Income, the Company has computed Deferred Tax Asset amounting to
Rs.7,93,396/- on account of timing difference in relation to
depreciation as per books vis-a-vis Tax Laws.

e. Leases

Operating Lease: The Company has significant operating lease for
premises at sites. These lease arrangements operate for a period
between 1 year to 10 years. The said leases are renewable for further
period on mutually agreeable terms and also include escalation clause.

f. Dues to Micro and Small Enterprises

The information required to be disclosed under the Micro, Small and
Medium Enterprises Development Act, 2006 has been determined to the
extent such parties have been identified on the basis of information
available with the company. There are no over dues to parties on
account of principal amount and / or interest and accordingly no
additional disclosures have been made.

g. Previous Year Figures

The financial statements for the year ended March 31, 2012 have been
prepared as per the then applicable, Schedule VI to the Companies Act,
1956. Consequent to the notification for Revised Schedule VI under the
Companies Act, 1956, the financial statements for the year ended March
31, 2012 are prepared as per Revised Schedule VI. Accordingly, the
previous year figures have also been reclassified/re-grouped to confirm
the current year''s classification. The adoption of Revised Schedule
VI for previous year figures does not impact recognition and
measurement principles followed for preparation of financial statements
except for accounting disclosure.

Mar 31, 2010

1. GRATUITY

Liability in respect of gratuity and leave encashment benefit on
retirement is accounted for as and when paid.

2. DETAILS ABOUT SMALL SCALE INDUSTRIES

The Company has no amount due to Small Scale Industries exceeding
Rs.1,00,000/-

3. GENERAL

1. Revenue for the period is generated mainly from Information
Technology Services.

3. Balance of Debtors/Creditors are subject to confirmation and
reconciliation if any, they are taken as per Books.

4. Buildings are not yet registered in the name of the Company.

5. The interest income earned outside India has been considered. Hence
the financial statements are revised.

4. CONTINGENT LIABILITIES - NIL

5. SEGMENT REPORTING

The Company''s exclusive business is Medical Transcription, Training
Software Development and Consulting Services as such this is the only
reportable segment as per Accounting Standard - 17 on Segment Reporting
issued by the Institute of Chartered Accountants of India. As the
Company consider whole of India as a-single geographical segment, the
disclosures related to secondary segments are not relevant for the
Company.

6. RELATED PARTY DISCLOSURES

List of related parties with whom transactions have taken place during
the year:

d) Related Party Relationships have been identified by the Management
and relied upon by the Auditors.

7. DEFERRED TAXATION

Tax Liability (Including Fringe Benefit Tax) of the Company has been
estimated considering the provisions of The Income Tax Act, 1961.

The Company has recognized Deferred Tax Liability as per Accounting
Standard - 22 issued by the Institute of Chartered Accountants of
India. The amount of the deferred tax liability has been reflected in
the financial statements of the company.

8. The value of Exports realized during the year in different
currencies and converted to Indian Rupees is Rs.851.19 lakhs and
Expenditure incurred in Foreign Currencies converted to Indian Rs.4.71
lakhs

9. Some Assets of which the Company is the beneficial owner are
pending for transfer in the name of the Company and for which necessary
steps are being taken.

10. As stipulated in AS-28, the Company assessed potential generation
of economic benefits from its Business units and is of the view that
Assets employed in continuing business are capable of generating
adequate returns over the useful lives in the usual course of business.
There is no indication to the contrary and accordingly the Management
is of the view that no impairment provision is called for in these
accounts.